Identify Which of the Following Statements Is True

question 74

Multiple Choice

Identify which of the following statements is true.

• A)If a marital deduction is elected on a QTIP trust transfer, property remaining in the QTIP trust is not included in the estate of the surviving spouse.
• B)The credit for state death taxes has been replaced with a deduction for state estate taxes.
• C)The unified credit is the only credit allowed against the estate tax.
• D)All of the above are false.

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Definitions:

Prompt

A message or symbol on a computer screen that indicates the system is ready to receive input from the user.

Temporary Holding Area

A space in memory used to temporarily store data while it is being moved or processed.

Buffer

A temporary storage area in memory used to hold data while it is being transferred from one location to another.

Register

A register in computing is a small, fast storage location within a CPU designed to quickly access and store the data that is immediately needed for processing.